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This lecture covers the use of INDEX and MATCH functions to solve complex lookup problems, which are more powerful than VLOOKUP. When VLOOKUP cannot handle a complex lookup problem, INDEX and MATCH can come to the rescue. The lecturer will explain how INDEX and MATCH work, and then demonstrate how to combine them. The example used is a list of divisions, apps, revenue, and profits, with the goal of selecting an app (e.g. Misty Wash) and retrieving related information.